Casualty/GL
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The company will use the funds to expand its global presence, enhance its marketplace platform and widen its offering.
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The reinsurer said it will look to double rates and retentions and halve the amount of override on casualty quota shares.
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The casualty ILS platform is building out its team following a Series B fundraise.
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The expansive broker has also hired Mario Binetti from Everest Re as head of casualty treaty and actuarial.
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ABIR reported that Bermudians posted a total loss ratio of 69.9% and a combined ratio of 100.1% last year.
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Former Natixis banker Alexandre Delacroix will focus on a range of capital market activities.
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Neyme was previously vice president, US casualty treaty.
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The firm hopes to offer investors legacy and live risk in the future.
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Ledger is on a hiring spree after a $75mn Series B round.
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Based in Morristown, New Jersey, the executive will report directly to Victor CEO Brian Hanuschak.
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HSCM has had a majority stake in the company since 2020.
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The CEO said reduced ILS appetite was a “net positive” for the carrier.